Naturally Splendid Enterprises Ltd. (TSXV:NSP) announced a private placement of up to 10,000,000 units at a price of CAD 0.32 per share for gross proceeds of CAD 3,200,000 on January 26, 2018. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.5 per share till two years from the date of the issue. The transaction is subject to acceleration right. In the event that company receives subscriptions above the maximum, it will adjust the subscriptions received on a pro-rata basis. The transaction is subject to final approval from the TSX Venture Exchange. The company paid finder’s fee of 6% in cash and share purchase warrants.